How the rich have their cake and eat it too by using trusts to give to charity, collect cash, and save on taxes at the same time

• Rich Americans can parlay their philanthropy into guaranteed income for life and tax savings.
• Charitable remainder trusts give annual payments, and whatever is left at the end goes to charity.
• There are some strings attached with CRTs, but here is how you can have your cake and eat it too.

Savvy taxpayers use donations to charity to save on taxes. But uber-rich Americans can take it to another level and parlay their philanthropy into guaranteed income.